Analysis & Data Features

New forecasts from OPEC and the IEA suggest that lower oil prices will have a significant impact on non-OPEC oil supply later this year.

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Oil prices dive as OPEC rolls overDespite the push by some OPEC members for a crude output cut, it became clear that Saudi Arabia had no appetite for cutting production.The market would stabilize itself eventually, oil minister Ali Naimi said. Prices resumed their downward helter skelter as the meeting broke up.

The capsizing and sinking of the Bulk Jupiter, as well as the loss of all but one of the crew and marine insurers, serves as a stark reminder about the importance of following safety procedures and best practices in the handling and loading of dry bulk carriers.